T&E Tools Can Help as ESG Regulations Ramp Up
An SAP Concur blog post notes that as new ESG disclosure rules, including those from the U.S. SEC, take shape beginning in 2024, companies face compliance pressure. An SAP Concur-commissioned Forrester survey found 60% of decision-makers identified sustainability as a critical or high priority, but only 45.7% of professionals in a Deloitte poll were confident in meeting new requirements. The article cites PwC Italia, which reduced CO2 emissions by 53% from 2019 to 2022 after standardizing its T&E process with SAP Concur solutions.
Impact and considerations
For travel and expense managers, tightening ESG disclosure rules mean a need for more precise travel emissions data, and T&E tools can help companies generate, track and evaluate the required data, reducing compliance risk.
Key points
- New ESG disclosure rules, including those from the U.S. SEC, are expected to take shape beginning in 2024, putting compliance pressure on companies.
- An SAP Concur-commissioned Forrester survey found 60% of decision-makers identified sustainability as a critical or high priority.
- Only 45.7% of professionals in a Deloitte poll were confident in meeting new ESG requirements, and only 16.4% could identify a dedicated ESG manager.
- PwC Italia reduced CO2 emissions by 53% from 2019 to 2022 after standardizing its T&E process with SAP Concur solutions.
- SAP Concur says its tools can help generate, track and evaluate ESG data and connect partners to account for emissions.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 15 Nov 2023, 17:50
- Page published
- 14 Aug 2026, 08:18
- Last updated
- 15 Nov 2023, 17:50
- Original links
- SAP Concur Blog：T&E Tools Can Help as ESG Regulations Ramp Up (opens in a new tab)Primary source · en · Published 15 Nov 2023, 17:50